And coincidentally, a 50% devaluation going to AA is the same as the 50% devaluation wrought by "No standard awards available, but we do have EasyPass."

Seriously, though, I too am interested in discussion of conversion opportunities. I transferred quite a few miles CO to Amtrak to UA before they severely restricted that, and also recently did a LAS trip on YX also made possible by Amtrak. I guess I'd been thinking that you get taken to the cleaners too much with going through HHonors but probably need to study it some more.